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Bank Notes: Payday Lending in NC, Western Union, White River, NetSpend

Adam Rust's picture

Posted February 15, 2013

Some short notes on how payday lending is coming back to North Carolina, the odd case of the low price for shares in Western Union, White River Capital completes it sale, and highlights from NetSpend's investor call:

payday in NC could be back: In a reversal of a trend across the country where

Don't Count Green Dot Out Just Yet

Adam Rust's picture

Posted October 12, 2012

Yesterday I tweeted out my view that Green Dot shares are being punished by an overreaction to the power of the relationship between Wal-Mart and Green Dot.

Well, I have had twenty-four hours to think about what I said, and I still feel that people are wrong about this company.

I understand that Green Dot is going to lose some business from Amex's Bluebird card, but everyone should be

NetSpend and Liberty Tax Buying Some CASH

Adam Rust's picture

Posted August 20, 2012

Meta Financial Group (ticker: CASH) said that it will sell 1.56 million shares of its common stock to several private investors. While the business community seemed to focus on the fact that the shares were going to be sold at a discount to the current trading price, the bigger story for those within the universe of alternative financial services might be about who is doing the buying. It looks like two of the buyers will be NetSpend

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